In Making Judgments About Category Membership, Participants

question 7

Multiple Choice

In making judgments about category membership, participants

• A) base their judgments entirely on a stimulus's typicality.
• B) will not judge a stimulus to be in the category unless the stimulus resembles the category prototype.
• C) are often able to make a distinction between typicality and actual category membership.
• D) generally base their judgment on factors other than typicality.

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Definitions:

Elastic

A term used to describe a situation where the demand or supply of a good or service is sensitive to changes in price.

Inelastic

A characteristic of goods or services for which demand or supply does not significantly change in response to price changes.

Long Run

A period of time in which all factors of production and costs are variable, allowing for adjustment to changing market conditions.

Short Run

A time period in which at least one input is fixed, limiting the adjustments that a firm can make to its production.